Home / Daily Briefs / 2023 / 16 / IFC reviews Banco Industrial loan request

IFC reviews Banco Industrial loan request

IFC reviews Banco Industrial loan request

March 16, 2023 | Hernán Goicochea
World Bank's private sector division could provide up to $20 mln to fund trade finance in El Salvador

International Financial Institutions Debt Loans Capital Markets Guatemala El Salvador World Bank Structured Finance

The International Finance Corporation (IFC), the private sector division of the World Bank, is reviewing a loan request of up to $20 million from the Salvadoran subsidiary of Guatemalan state-owned lender Banco Industrial. Banco Industrial plans to use the trade finance guarantee facility to fund loans with tenors of up to one year to "targeted sectors' that include micro-, small and medium-sized enterprises (MSMEs), women-owned businesses and climate-related and housing projects, IFC said. IFC

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